Tag: bankruptcy

Byju’s affiliate drained cash from US units, violating bankruptcy rules

Posted on October 9, 2024 by filesadmin

Byju’s faces a fraudulent-transfer lawsuit in a US bankruptcy court related to those funds. (Photo: Reuters) 4 min read Last

Go First CoC unanimously decides to liquidate airline due to low bids

Posted on August 4, 2024 by filesadmin

Go First owes its creditors around Rs 6,200 crore. Central Bank of India, Bank of Baroda, and IDBI Bank are

IBBI introduces digital forms for monitoring liquidation processes

Posted on June 30, 2024 by filesadmin

These forms will boost the efficiency of voluntary liquidations, allowing liquidators to submit forms online and reducing the chances of

IBBI releases liquidation progress report format; seeks stakeholder inputs

Posted on June 23, 2024 by filesadmin

Further it will also include, the status of any property that remains to be sold, distributions to stakeholders, and the

NCLT orders proceeding against Supernova developer Supertech Realtors

Posted on June 15, 2024 by filesadmin

National Company Law Tribunal (NCLT) has ordered initiating an insolvency proceeding against Supertech Realtors, which is developing a residential apartment,

Go Air crisis: Central Bank set to auction Wadia’s land for Rs 1,965 cr

Posted on June 9, 2024 by filesadmin

2 min read Last Updated : Jun 07 2024 | 6:02 PM IST The Central Bank of India will

Suraksha Group finally takes over Jaypee Infratech via insolvency process

Posted on June 5, 2024 by filesadmin

Lenders of Jaypee Infratech had submitted a claim of Rs 9,783 crore 4 min read Last Updated : Jun 05

NCLT registers 43% increase in debt resolution amid many bottlenecks: IBBI

Posted on May 4, 2024 by filesadmin

3 min read Last Updated : May 04 2024 | 6:09 PM IST Amid several bottlenecks, the Insolvency Bankruptcy

ITPCL debt: NCLAT rejects SBI’s objection on liquidation value given by PNB

Posted on April 28, 2024 by filesadmin

PNB has appointed two firms and both had submitted two different valuations of Rs 4,580.03 crore and Rs 6,188.66 crore,

Go First: Busy Bee Airways to evaluate position after reviewing court order

Posted on April 26, 2024 by filesadmin

Following this review of the court order, it will evaluate the position and consider any necessary adjustments to the proposed

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